10/1/2008

Hanley markets Pasadena retail space for $15.47

by Michael Wayne

505 South Lake Ave.

Irvine, Calif.-based Hanley Investment Urban Retail Advisors, a division of Hanley Investment Group, is marketing for sale the Lake Avenue Shops in Pasadena for $15.47 million.

Carlos Lopez is representing the seller, a private family partnership in Beverly Hills.

The retail property is located at 505 S. Lake Ave. and contains 24,366 square feet. Situated on 1.11 acres, it is currently 100 percent occupied to tenants including Ann Taylor, Pottery Barn Kids and Talbots.

Address: 505 S. Lake Ave., Pasadena, Calif.

Size: 24,366 square feet

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Filed Under: Retail

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